So if boe = barrels of oil equivalent, i wonder if my above calculation has already accounted for the for the mix in oil and gas produced by CE1 ( ~ 66% oil, and ~34% gas).
The reason they use this measure (boe) is to standardise the unit of production for companies that produce both oil and gas. I wonder is this standardised unit can translate into a standardised price for both boe and and bbl, meaning that the price of 1 barrel of oil equivalent (boe) is equal to 1 standard barrel of oil (bbl).
Or maybe you would need to calculate the price separately (i.e. AUD$2.07 billion x 0.66 = AUD$1.37 billion)
Meaning, IMO estimated value of CE1's Proved Reserves (1P) for Brooks and Thorsby Assets (oil only) = AUD$1.37 billion
CALIMA ENERGY - Positive Outlook, page-17
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